upr000105 230

Estimated Income tax results as of September 1, 1952 if the offer of the Las Vegas Valley Water District dated August 25, 1952 is accepted, to cover the purchase of the water production and distribution facili­ties of the L&&SLRR Go. and LVL&W Go,, respectively, at Las Vegas, Nev. Item Description w u m t m Co. Water Production Facilities 0 1 m u m Go. Water Distribution Facilities w Total (5) 3 4 Estimated cost basis for the pro­perty as of August 31, 1952 Amount charged to the investmentac­count for 507 acres of water-bearing lands as of August 31, 1952 $840,093.27 11,021,194.64 11,861,287.91 JisMttt Total (1 plus 2) Amount of depreelation and amortiza­tion on the water facilities (ex­cluding land) as of August 31# 1952 Estimated depreciated value of the water facilities as of September 1, 1952 (3 minus 4 ) $854,200.40 $1,021,194.64 $1,875,395.04 2 & U & M 3 546.483.28 $561,936.15 $766,975.61 $1,328,911.76 6 . Total amount of the offer $2,500,000.00 (a) Book value of VTfM Co.material and supplies as of Sept. 1,1952, included in the total offer 29.902.90 (b) Amount of the offer applying to the water facilities (6 minus 6 (a)) 7. Excess of that portion of the offer applying to the water facilities over "the depreciated value thereof at Sept.1,1952(6(b) minus 5) 8 Capital Osins Tax (26$ x 7) $2,470,097.10 $1,141,185.34 J/$ 296,708.19 3/ This figure is preliminary and is subject to adjustment in case the March 1, 1913 value of the properties is greater than cost. It is also subject to further adjustment as the cost of subsequent im­provements is added to the amounts shown in item 1 and the amount of subsequent depreciation is added to the amount shown in item 4 . General Auditor* s Office, Omaha, Nebr., Oct. 21, 1952